The CNF-120W form, officially known as the West Virginia Withholding Credit Schedule for the year 2017, serves as a critical document for corporations operating within West Virginia. It plays a pivotal role in the reporting and documentation of West Virginia state withholding taxes. This document requires corporations to detail withholding information related to different forms of income such as those reported on 1099, K-1, and/or NRW-2 forms. A unique aspect of the CNF-120W is its stipulation that if the Federal Employer Identification Number (FEIN) provided in the Taxpayer Information Box B differs from the FEIN associated with the corporation filing the return, an explanatory statement must be attached, ensuring accurate attribution of tax liabilities and credits. The form meticulously separates payer information, taxpayer details, and the amount of West Virginia tax withheld, requiring checks for the type of payer and necessitating comprehensive details like payer name, FEIN, address, and the tax year end date along with the city, state, and ZIP code. Moreover, the CNF-120W form emphasizes the precise calculation and reporting of West Virginia withholding across multiple entries, culminating in a total that must be accurately transmitted to the overarching CNF-120 form. This attention to detail not only simplifies the process of accounting for West Virginia tax withheld but also underscores the importance of precise record-keeping and compliance with state tax obligations.
| Question | Answer |
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| Form Name | Form Cnf 120W |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | wv cnf 120 instructions, cnf 120 2017, wv cnf 120, cnf 120es |
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West Virginia Withholding – Credit Schedule |
2017 |
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REV. |
W |
Corporation Net income Tax |
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Do NOT send
Enter WV withholding information below.
If the FEIN entered in the Taxpayer Information Box B is different from the FEIN of the Corporation iling this return, you MUST attach a statement of explanation.
BusINEss NaME shoWN oN FoRM
FEIN
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a – Payer Information |
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B – Taxpayer Information |
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C – WV Tax Withheld |
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Payer ID from 1099, |
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WV WIThhoLdINg |
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Check the appropriate box |
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Payer Name |
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FEIN |
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1099 |
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address |
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date tax year ending (MMYY) |
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City, state, ZIP |
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Income subject to WV WIThhoLdINg |
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Enter WV withholding Only |
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a – Payer Information |
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B – Taxpayer Information |
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C – WV Tax Withheld |
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.00 |
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Payer ID from 1099, |
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Name |
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WV WIThhoLdINg |
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Check the appropriate box |
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Payer Name |
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FEIN |
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1099 |
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address |
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date tax year ending (MMYY) |
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.00 |
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City, state, ZIP |
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Income subject to WV WIThhoLdINg |
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Enter WV withholding Only |
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a – Payer Information |
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B – Taxpayer Information |
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C – WV Tax Withheld |
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.00 |
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Payer ID from 1099, |
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Name |
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WV WIThhoLdINg |
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Check the appropriate box |
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Payer Name |
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FEIN |
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1099 |
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address |
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date tax year ending (MMYY) |
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.00 |
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City, state, ZIP |
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Income subject to WV WIThhoLdINg |
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Enter WV withholding Only |
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a – Payer Information |
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B – Taxpayer Information |
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C – WV Tax Withheld |
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.00 |
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Payer ID from 1099, |
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Name |
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WV WIThhoLdINg |
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Check the appropriate box |
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Payer Name |
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FEIN |
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1099 |
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address |
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date tax year ending (MMYY) |
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City, state, ZIP |
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Income subject to WV WIThhoLdINg |
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Enter WV withholding Only |
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Total WV tax withheld from column C above |
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.00 |
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If you have WV withholding on multiple pages, add the totals and |
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enter the GRAND total on line 21, Form |
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*B30201710W*